PRINCETON, NJ February 13, 2003 - ITXC Corp (NASDAQ:ITXC) announced today that it has chosen the Cisco AS5000 Universal Gateway and PGW 2200 Softswitch Voice Over IP (VoIP) offerings as the basis for the next generation of ITXC's worldwide ITXC.net inter-carrier voice network currently spanning over 175 countries. ITXC is one of the world's largest carriers in terms of minutes of international voice traffic carried and is, according to TeleGeography 2003, the market share leader in international VoIP. VoIP use in international calling is growing rapidly; TeleGeography estimates that it now accounts for 10% of international phone-to-phone calling, up from just 6% a year ago.
"More and more often carriers use ITXC for all or part of their traffic," said ITXC Chairman and CEO Tom Evslin. "Carriers have found that simplifying their networks by relying on ITXC has resulted in lower cost of ownership and higher reliability than managing a multitude of vendors in a complex routing table. Similarly, ITXC has found that relying on Cisco for most of its equipment needs results in lower costs and higher reliability as well as multi-vendor interoperability, which is important to ITXC and its customers. Our purchasing and support relationship with Cisco helps us deliver the very high reliability our carrier customers require when our network is the only route for their traffic."
"We are pleased that ITXC has chosen Cisco as their vendor for the next generation of their network and proud to have helped ITXC achieve its current success," said Charlie Giancarlo, senior vice president of Cisco Systems, Inc. "ITXC's focus on quality and scale, combined with Cisco VoIP technology, provide carrier customers a highly reliable network for their voice traffic."
ITXC is installing Cisco's Voice Infrastructure and Applications Solution (Cisco VIA) as it builds the next generation of ITXC.net. The robustness of the VIA solution and the SS7 capability offered by Cisco means that ITXC is able to dispense entirely with traditional telephony switches in its network yet maintain signaling compatibility with the switches used by its customers around the world.
ITXC's legacy switches and older equipment from other vendors currently part of the existing network footprint are being taken out of service and replaced with equipment from Cisco.
ITXC.net originates and terminates voice and fax traffic using market-leading Cisco AS5000 Universal Gateways, which support a broad portfolio of packet-voice revenue generating services around the globe. In addition to their interoperability design features, which allow ITXC to easily work with other VoIP equipment as well as global PSTN networks, ITXC chose Cisco AS5000 gateways for their high density and feature-richness. The Cisco PGW 2200 Softswitch enables SS7 interconnect worldwide, eliminating unnecessary paths through TDM switches.
ITXC's patented BestValue RoutingTM technology uses the Cisco VIA equipment to route voice calls with consistent carrier grade quality across the public Internet. ITXC's carrier and prepaid calling card customers benefit from the low capital and operating costs possible on the Internet without sacrificing the quality their subscribers require.
ITXC has been accepted to the Cisco Powered Network program for their IP telephony services. Cisco sells equipment to carriers worldwide and ITXC sells international call completion to these same carriers. ITXC interfaces with Cisco equipment and Cisco-interoperable equipment, including that from VocalTec and others at many carriers. ITXC often installs its own Cisco equipment at carrier locations. The companies are collaborating in marketing and sales activities for existing and new products and services aimed at the carrier segment.
For more information, please refer to the ITXC and Cisco customer success story.
About ITXC
ITXC Corp. is one of the world's leading carriers based on minutes of international traffic carried. As a carriers' carrier, ITXC serves all major carriers in the US; many incumbent carriers worldwide including China Telecom, PLDT, Telkom South Africa, Telecom Colombia, Telenor, Telia, and VSNL; and emerging and competitive carriers including COTAS-Teledata in Bolivia, Vietel in Vietnam and Data Access in India. ITXC also serves a growing number of mobile carriers including China Mobile, one of the world's largest mobile carriers.
ITXC is also the Fastest Growing Technology Company in North America according to the 2002 Deloitte & Touche Technology Fast 500 ranking.
For more information about ITXC, please visit www.itxc.com
Forward-looking statements
ITXC has included in this press release "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements listed as guidance and all statements of anticipated or expected results for the current quarter and any future periods.Actual results could differ materially from those projected in the Company's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, unanticipated technological difficulties; the volatile and competitive environment for Internet telephony and for telecommunications; changes in domestic and foreign economic, market, and regulatory conditions; the inherent uncertainty of financial estimates and projections; uncertainty inherent in litigation and in bankruptcy proceedings; the creditworthiness of our customers; future transactions; and other considerations described as "Risk Factors" in Exhibit 99 to the Company's Annual Report on Form 10-K for the year ended December 31, 2001 and in other filings by the Company with the SEC.
All such forward-looking statements are current only as of the date on which such statements were made. ITXC does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
